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Improving infrastructure activity bolstered by a strong inflow of public funds is expected to aid Martin Marietta (MLM). Yet, weather woes and pricing fluctuations are a concern.
Martin Marietta (MLM) reported earnings 30 days ago. What's next for the stock?
Martin Marietta (MLM) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
RALEIGH, N.C., May 16, 2024 (GLOBE NEWSWIRE) -- Martin Marietta Materials, Inc. (NYSE: MLM) (“Martin Marietta” or the “Company”) today announced that its Board of Directors has declared a regular quarterly cash dividend of $0.74 per share on the Company's outstanding common stock. This dividend, which represents a cash dividend of $2.96 per share on an annualized basis, is payable June 28, 2024, to shareholders of record at the close of business on June 3, 2024.
Martin Marietta's (MLM) first-quarter results reflect lower volumes despite strong pricing actions.
The headline numbers for Martin Marietta (MLM) give insight into how the company performed in the quarter ended March 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Martin Marietta (MLM) came out with quarterly earnings of $1.93 per share, beating the Zacks Consensus Estimate of $1.88 per share. This compares to earnings of $2.16 per share a year ago.
Martin Marietta's (MLM) first-quarter results are likely to reflect solid pricing amid soft volumes. Yet, AFS and BWI buyouts and solid infrastructure spending are near-term tailwinds.
A U.S. construction boom may be in the works, as the current housing market has hit a stalemate between willing buyers and sellers. With only one alternative left to break this frozen property market, homebuilding stocks and their horizontal components could attract most of Wall Street's attention this cycle.
Beyond analysts' top -and-bottom-line estimates for Martin Marietta (MLM), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended March 2024.